Chapter 6

1. activities provided for the satisfaction of others that are consumed at the same time they are produced.
3. an independent business with fewer than 500 employees.
4. money provided by large investors to finance new products and new businesses that have a good chance to be very profitable.
8. the production output in relation to a unit of input, such as a worker.
10. the money needed to pay for the current operating activities of a business.
11. a designed change that increases the usefulness of a product, service, or process.
12. the process of starting, organizing, managing, and assuming the responsibility for a business.
14. an invention or creation that is brand new.
15. a written description of the business idea and how it will be carried out, including all major business activities.
16. money needed for the main resources of a business (such as land, buildings, and equipment) that will last for many years.

2. the amount of money needed to open the business.
3. a government agency that helps small business owners develop business plans and obtain financing and other support for their companies.
5. a business owned and run by just one person.
6. things that are required in order to live.
7. things that add comfort and pleasure to your life.
9. a detailed account of a company's materials, supplies, and finished products.
13. someone who takes a risk in starting a business to earn a profit.